Real estate investment banking firm Savills LLC, in affiliation with Mid-America Real Estate Group, has been appointed exclusive advisor for the sale of Newport Pavilion, a new 471,000-sq.-ft., class-A shopping center in the greater Cincinnati area.

Despite declining stock prices for student housing REITs, the fundamentals of the student housing business are still strong, according to Jim Arbury, Vice President for Student Housing with the National Multi-Housing Council.